Advantage Banking is a checking account with 3 account settings for different financial needs. Students under age 24 may be eligible for a monthly maintenance fee waiver while enrolled in school. Bank of America Advantage SafeBalance Banking®: $4.95, may be waived as long as you’re enrolled in Preferred Rewards. A checking account is a type of deposit account that enables you to deposit and withdraw available funds on demand, typically by writing a check or using a debit card. Here's what's changing: Expand all panels Fees range from $4.95 to $25 but are all waivable by meeting certain requirements. US Bank: … With the Bank of America Advantage SafeBalance Banking Checking Account, check writing is not possible. I did some research on this Advantage fee and it seems it applies to people with an Advantage checking account, who keep average balances less than $5,000. If your financial situation changes, you can switch to the setting that works best for you. Advantage Relationship Banking: The $25 monthly service fee can be waived if you maintain an average balance of $10,000 in your combined Bank of America deposit accounts and Merrill Edge/Merrill Lynch investment accounts. Bank of America Advantage SafeBalance Banking®, one of the first banking accounts to eliminate overdraft fees, is on track to surpass 1 million accounts this month. Bank of America Advantage SafeBalance Banking Fees. Scroll down and click Advantage SafeBalance, then Open … In short, this is Bank of America’s answer to the Bluebird or other prepaid card-type accounts with the advantage of providing basic full service banking. 4 checking accounts). Enroll now in Online Banking. Earn a $100 offer when you open a new Bank of America Advantage Account and meet all the requirements. It also gives you access to the second largest bank-owned ATM network, with over 16,000 fee-free ATMs in the US. Don't worry: Check images are stored securely at the bank and never on your device. The monthly maintenance fee and key features are the same: Get help spending only what’s in your account to help avoid going into overdraft, pay no overdraft fees and get convenient access without paper checks. Please note, you won’t be able to continue using paper checks if you switch into the Advantage SafeBalance account setting. Go to the provider’s site and follow the steps to apply. Bank of America Advantage Relationship Banking®: $25 monthly fee, waivable with one of the following: Maintain a combined balance of $10,000 or more across eligible linked accounts; Be enrolled in Preferred Rewards; Current Terms and Rates: Bank of America SafeBalance Banking… For savings, they only have one choice, but they do offer a savings option for individuals under the age of 18. Bank of America Advantage SafeBalance offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). At account opening, choose an Overdraft Setting. Depending on what type of account you have, the checking account monthly maintenance fee can vary.. A checking account that’s designed to prevent overspending by rejecting your card if your balance is low. Bank of America Advantage SafeBalance Banking– $25 opening deposit, $4.95 monthly fee waived for eligible students or enrolees of Preferred Rewards 2. It costs $4.95 per month unless you’re enrolled in Preferred Rewards. If you opt out, though, you may still receive generic advertising. What are the account minimums for Bank of America Advantage SafeBalance? Bank of America ATM network and fees. Advantage SafeBalance Banking Checking Account - $100 Bonus; Bank of America: Pricing information from published website as of 1/16/2021. Your monthly maintenance fee, account number, checks and debit cards remain the same, and there’s no need to update your digital wallets or Zelle® registration. Have at least one qualifying direct deposit of $XXXX+ Learn about qualifying direct deposits, Maintain a combined balance of $XXXX or more in eligible linked accounts Learn about combined balances. Then, a month later, a second $20 Advantage fee. Checking accounts are sometimes interest-bearing. Overdraft Protection is not available for this account setting. However, if you use an ATM outside of the Bank of America … Bank of America, N.A. Need to access your account quickly? These ads are based on your specific account relationships with us. All rights reserved. You will receive an email once your application is received and a follow-up email telling you whether it has been approved, plus any next steps. You’ll keep the same account number and debit card even after you’ve switched. Bank of America Advantage SafeBalance Banking. … After November 20th, you can switch between any of the 3 Advantage Banking account settings if your financial needs change. Sadly, it took this second charge to force me into action. To see if you’re targeted make sure that you check your “Activity Center” for the offer. Need your new card fast? Bank of America Advantage SafeBalance Banking® — $4.95 per statement cycle, though this can be waived with enrollment in Preferred Rewards Bank of America Advantage Plus Banking® — $12, but this fee is waived if you meet minimum direct deposit or minimum daily balance requirements or enroll in Preferred Rewards Sign in to the Bank of America Mobile Banking app using the fingerprint feature on your mobile device. Not sure if Relationship is right for you? Bank of America Advantage Plus Banking. Bank of America, N.A. The key features are the same: Earn interest on your balance, enjoy no-fee services, and link an additional 3 checking and up to 4 savings accounts with no monthly maintenance fee. Send notification again Sign In with Passcode instead . Here's what you'll get with each account setting. Set custom alerts and savings goals. Bank of America is offering a $300 bonus for targeted customers who receive a direct communication and already have an existing relationship with the bank. Bank of America Advantage SafeBalance Banking The Advantage SafeBalance Banking checking account has safeguards in place to help you spend within … Yes. Get cash back deals and rewards customized for you. Students under age 24 are eligible for a waiver of the monthly maintenance fee for the Advantage SafeBalance and the Advantage Plus setting while enrolled in a high school, college, university or vocational program. Bank of America $100 Checking Offer. Monthly Maintenance Fee. Earn a $100 offer when you open a new Bank of America Advantage Account and meet all the requirements. Your Bank of America Advantage Banking Account offers you the ability to choose from and switch between three account settings. Since this waiver was introduced in June 2018, the number of students using Advantage SafeBalance Banking … We remember what it's like just starting out. What happens if I don't have enough money to cover a transaction? Paper checks are an included feature of the Bank of America Advantage Plus Banking and Bank of America Advantage Relationship Banking account settings. It also gives you access to the second largest bank-owned ATM network, with over 16,000 fee-free ATMs in the US. Bank of America Advantage Banking is a checking account layer with 3 settings. Monthly maintenance fee: $4.95. This determines how we handle transactions when you have insufficient funds. You can see the big picture with our interactive Spending and Budgeting tool. $100. If you prefer that we do not use this information, you may opt out of online behavioral advertising. If life changes, you can always switch it up later — without opening a new bank account. The Bank of … You can apply online for a checking account, savings account, CD or IRA. There are no paper checks. There are no paper checks. Member FDIC. Deposit a check into your account using the camera on your smartphone or tablet and the Mobile Banking app. Advantage SafeBalance: This setting has no overdraft fees - you can only spend what you have. Transactions will be declined or returned unpaid when they exceed your balance. Accounts you had linked to your Interest Checking account will remain linked to your Advantage Relationship Banking account. There are three separate Bank of America checking accounts — SafeBalance Banking, Advantage Plus Banking and Advantage Relationship Banking. If you are not a customer of Bank of America at all, the offer is not nearly as generous. Know now and react fast to important account changes. Total Security Protection® and fraud monitoring. After November 11th, when you pay a bill, the debit from your account will typically occur on the Deliver By date (which may be 2-7 days after the Send On date). Make sure you have enough money in your account a few days before the scheduled delivery date and keep it available until the payment is deducted. The Bank of America Advantage SafeBalance Banking comes with a lower monthly fee, no overdraft fees, and no checks, so if you don't mind a checkless checking account solution, and would like to avoid overdraft fees without additional overdraft protection, maybe it'd be better to open an Advantage SafeBalance Banking. Advantage SafeBalance Banking accounts are now eligible for our Preferred Rewards and Banking Rewards programs and benefits, including monthly maintenance fee waivers. Request a digital card through our mobile app. Bank of America no longer has a standard checking account. Bank of America currently provides services to more than 3.3 million students nationwide. What you’ll get: $100 offer Eligible account: Bank of America Advantage Plus Banking, Bank of America Advantage Relationship Banking or a Bank of America Advantage SafeBalance Banking … $4.95. 1. These ads are based on your specific account relationships with us. Please refer to your Personal Schedule of Fees for details. SafeBalance Banking ® is now Advantage SafeBalance Banking. Non-Sufficent Funds (NSF): Returned Item fee. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Relationship-based ads and online behavioral advertising help us do that. each month. Bank of America Advantage SafeBalance Banking®: $4.95, may be waived as long as you’re enrolled in Preferred Rewards. Cards can be added to a digital wallet for use at stores, cardless ATMs and more. Bank of America Corp.'s (NYSE: BAC) Advantage SafeBalance Banking, a low-fee checking account created five years ago, is set to pass 1 million accounts by the end of this month. That's why we waive our monthly maintenance fee for qualifying students layer. Checkless banking with flexible ways to pay, Everyday banking with more ways to waive the monthly fee, Perks for higher balances, like fee waivers and interest. Including Advantage SafeBalance Banking in your combined balances, Bank of America Advantage SafeBalance Banking™ (formerly SafeBalance Banking, Bank of America Advantage Plus Banking™ (formerly Bank of America Core Checking, Bank of America Advantage Relationship Banking™ (formerly Bank of America Interest Checking. Their public nationwide offer is for $100 and to get it, you need to open a new checking account on their offer page. All rights reserved. Bank of America is offering a $300 bonus for targeted customers who receive a direct communication and already have an existing relationship with the bank. Core Checking is now Advantage Plus Banking. © 2020 Bank of America Corporation. Call us or come in to switch settings. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. The minimum opening deposit is $25. Bank of America Advantage SafeBalance Banking Checking Account: $4.95 (can be waived) $25 : 0.00% : Bank of America Advantage Plus Banking Checking Account: $12 (can be waived) $100 : 0.00% : Bank of America Advantage Relationship Banking … This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Bank of America ATM network and fees. Track your habits and set up budgets to take more control over your money. based on 91107 zip code. ... Bank of America, N.A. Last month,... | November 26, 2020 You can open the Bank of America Advantage SafeBalance Banking account online, by phone or at a branch: Online. Last month, MONEY named Bank of America the “Best Bank for College Students” and selected the Advantage SafeBalance Banking account as best for students. So, even if you do write a check, it will be declined, and returned unpaid, no matter whether you have enough money in your Advantage SafeBalance Banking balance or … Transactions will be declined or returned unpaid when you have insufficient funds. There is a $4.95 monthly maintenance fee for Advantage SafeBalance Banking®, a $12 monthly maintenance fee for Advantage Plus Banking® and a $25 monthly maintenance fee for Advantage Relationship Banking®, but only Advantage Relationship Banking … Bank of America offers a wide range of checking accounts for you to take advantage of, allowing you to take charge of your finances. Bank of America Advantage SafeBalance Banking, Bank of America Advantage Relationship Banking, A smart start for students – no monthly fee if you qualify, Helps keep you from spending more than you have — no overdraft fees, No fees on select services and additional accounts, Paper checks available (no charge or discounted depending on check style). $100. Safer sign-in, card locking features and more. 1. Interest Checking is now Advantage Relationship Banking. Bank of America Advantage SafeBalance Banking® Checkless banking that helps you stay within your balance Get help spending only the money you have available Pay with a debit card, Mobile or Online banking – no paper check writing The SafeBalance Banking account has a monthly maintenance fee of $4.95. SafeBalance Banking: $25; Plus Banking: $100; ... To enroll in this offer, open a new Bank of America Advantage Banking account through this page by June 30, 2021. Just one checking account. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Set up and receive two qualifying direct deposits of $250 or more each within 90 days of opening your new account. You can always refer to our clarity statement if you have questions about your account. Instead, they offer three tiers of their “Bank of America Advantage Banking” account. Know now and react fast to important account changes. Three Bank of America Checking accounts qualify for this bonus: 1. Member FDIC. How do I open a Bank of America Advantage SafeBalance Banking account? We strive to provide you with information about products and services you might find interesting and useful. SafeBalance Banking® is now Advantage SafeBalance Banking. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Verify your identity in the app now to sign in to Online Banking. Overview of key policies and fees. Online Banking enrollment is easy—and takes just a few minutes. A lifetime of changes. Link your Bank of America Advantage Savings account to your Bank of America Advantage Relationship Banking® account (waiver applies to first 4 savings accounts) or; When you are a Bank of America Preferred Rewards client (waiver applies to first 4 … 8 Tips for getting the most out of your checking account. 2. Bank of America Advantage SafeBalance Banking Checking Account: $4.95 (can be waived) $25 : 0.00% : Bank of America Advantage Plus Banking Checking Account: $12 (can be waived) $100 : 0.00% : Bank of America Advantage Relationship Banking … At account opening, choose an Overdraft Setting. Bank of America has two other checking account options that are available through the Advantage Banking program: Advantage SafeBalance. Have at least one qualifying direct deposit of. A basic checking account without overdraft protection or check-writing abilities, but lower monthly fees. The Advantage Relationship checking account comes with a Bank of America Visa debit card to use almost anywhere. Fees may apply. Member FDIC. Just schedule an appointment at a financial center or call the number on the back of your debit card. We'll waive the monthly maintenance fee each statement cycle that you: Students under 24 who are enrolled in school may also qualify for a waiver.You can always refer to our clarity statement if you have questions about your account. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. How can I open a checking account with Bank of America? In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Bank of America offers one checking account with 3 settings. Bank of America®Clarity Statement®. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Applies to each item that we pay into overdraft. We strive to provide you with information about products and services you might find interesting and useful. Bank of America’s Advantage Plus checking account is probably what more folks will be interested in, assuming you have the $100 deposit required to open one. You can avoid the Monthly Maintenance Fee when you enroll in the Preferred Rewards program (first. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Advantage Banking account and maintain a three-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or … The monthly maintenance fee and key features are the same: Get help spending only what’s in your account to help avoid going into overdraft, Footnote 2 pay no overdraft fees and get convenient access without paper checks. Advantage Banking account and maintain a three-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill investment accounts of at least … Your mobile device the checking account with Bank of America ATM network and fees see big! A different set of features to offer you lexibility if your Banking needs.. Can give you accurate rate and fee information for your home address so we can give you rate! 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